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Displaying results 1 to 3 of 3.

  1. The political economy of finance and regulatory capture
    evidence from the US Congress
    Author: Silano, Filippo
    Published: October 2023
    Publisher:  Universität Hamburg, Fakultät für Rechtswissenschaft, [Hamburg]

    The 2007-08 Global Financial Crisis is a watershed phenomenon that reshaped global capitalism. Stemming from the argument that the Crisis was caused by deregulation, this article assesses to what extent the financial industry influenced the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 572
    Inter-library loan:
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    The 2007-08 Global Financial Crisis is a watershed phenomenon that reshaped global capitalism. Stemming from the argument that the Crisis was caused by deregulation, this article assesses to what extent the financial industry influenced the legislative process underlying these reforms. The hypothesis is that, during the deregulation process, the financial industry captured lawmakers' voting behaviour. Drawing on a logistic regression model, this study estimates to what extent 106th -109th Congress roll call votes on financial liberalisation were biased by industry-led campaign contributions and lobbying activities. The main finding shows that members of the US Congress recipient of funding from the financial sector were more prone to support deregulation. Providing systematic empirical evidence of capture, the results support the literature labelling the Crisis as the result of industry-induced deregulation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/278103
    Series: Institute of Law and Economics working paper series ; no. 72 (2023)
    Subjects: political economy; financial crisis; deregulation; capture; campaign finance; lobbying; US Congress; voting behaviour; logistic regression
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  2. Television market size and political accountability in the US house of representatives
    Author: Balles, Patrick; Matter, Ulrich; Stutzer, Alois
    Published: May 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper examines the role of local TV market structure in US congressional politics, exploiting variation in the overlaps of political markets and TV markets. Local TV stations are hypothesized to report relatively more per US House representative... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
    Inter-library loan:
    No inter-library loan

     

    This paper examines the role of local TV market structure in US congressional politics, exploiting variation in the overlaps of political markets and TV markets. Local TV stations are hypothesized to report relatively more per US House representative in less populous markets (where the number of House districts covered is smaller), leading to better informed voters and more accountable representatives. We find that smaller markets are indeed associated with (i) higher coverage of representatives, and (ii) a higher level of voters' knowledge about their representatives. However, (iii) representatives of smaller and more congruent markets are only more likely to decide aligned with their constituents' policy preferences in highly competitive districts. This evidence suggests that local political news coverage on TV serves as a complement rather than a substitute in holding members of the US Congress accountable.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263493
    Series: Discussion paper series / IZA ; no. 15277
    Subjects: political accountability; market congruence; media coverage; TV markets; legislative voting; US Congress; voter knowledge; campaign finance
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  3. Quantifying vote trading through network reciprocity
    Author: Guerrero, Omar A.; Matter, Ulrich
    Published: 2021
    Publisher:  School of Economics and Political Science, Department of Economics, University of St.Gallen, St. Gallen

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 466
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / University of St.Gallen, School of Economics and Political Science, Department of Economics ; no. 2021, 06 (May 2021)
    Subjects: Vote trading; roll-call voting; networks; reciprocity; US Congress
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
    Notes:

    An earlier version of this paper is available under the title "Uncovering Vote Trading Through Networks and Computation" (Saïd Business School WP 2017-16)